Registered number
10033991
FOREST ORANGE LTD
Filleted Accounts
30 June 2023
FOREST ORANGE LTD
Registered number: 10033991
Balance Sheet
as at 30 June 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 720 617
Investments 4 930,291 930,291
931,011 930,908
Current assets
Debtors 5 1,381 1,195
Cash at bank and in hand 67,892 73,258
69,273 74,453
Creditors: amounts falling due within one year 6 (19,797) (21,876)
Net current assets 49,476 52,577
Total assets less current liabilities 980,487 983,485
Creditors: amounts falling due after more than one year 7 (680,906) (712,350)
Provisions for liabilities (137) (117)
Net assets 299,444 271,018
Capital and reserves
Called up share capital 100 100
Profit and loss account 299,344 270,918
Shareholder's funds 299,444 271,018
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr C Lowe
Director
Approved by the board on 18 March 2024
FOREST ORANGE LTD
Notes to the Accounts
for the year ended 30 June 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable. Turnover includes revenue earned from rental and management income.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset over its expected useful life, as follows:
Plant and machinery 25% per annum reducing balance basis
Investments
Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
The company did not operate a pension scheme during the year.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 3 2
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 July 2022 2,012
Additions 343
At 30 June 2023 2,355
Depreciation
At 1 July 2022 1,395
Charge for the year 240
At 30 June 2023 1,635
Net book value
At 30 June 2023 720
At 30 June 2022 617
4 Investments
Other
investments
£
Cost
At 1 July 2022 930,291
At 30 June 2023 930,291
Historical cost
At 1 July 2022 930,291
At 30 June 2023 930,291
5 Debtors 2023 2022
£ £
Trade debtors and prepayments 1,381 1,195
6 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors and accruals 9,544 9,024
Corporation tax 10,253 12,852
19,797 21,876
7 Creditors: amounts falling due after one year 2023 2022
£ £
Other creditors - directors' loan accounts 680,906 712,350
8 Events after the reporting date
There were no events after the reporting date which would affect the user's understanding of these accounts.
9 Contingent liabilities
There were no contingent liabilities in existence at the year end.
10 Controlling party
The company is controlled by it's directors/shareholders, Mr and Mrs C Lowe.
11 Other information
FOREST ORANGE LTD is a private company limited by shares and incorporated in England. Its registered office is:
12 Wolseley Place
Didsbury
Manchester
M20 3LR
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